FBZ vs. EWZS ETF Comparison

Comparison of First Trust Brazil AlphaDEX Fund (FBZ) to iShares MSCI Brazil Small-Cap ETF (EWZS)

FBZ

First Trust Brazil AlphaDEX Fund

FBZ Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Brazil Index. The fund normally invests at least 90% of its net assets plus the amount of any borrowings for investment purposes in stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P Brazil BMI Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$11.81

Average Daily Volume

2,317

Number of Holdings ^*

11

* may have additional holdings in another (foreign) market

EWZS

iShares MSCI Brazil Small-Cap ETF

EWZS Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Brazil Small Cap Index (the "underlying index"). The fund will at all times invest at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The underlying index is a free float-adjusted market capitalization-weighted index designed to measure the performance of equity securities in the bottom 14% by market capitalization of equity securities listed on stock exchanges in Brazil. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$13.91

Average Daily Volume

263,009

Number of Holdings ^*

2

* may have additional holdings in another (foreign) market

Performance

Period	FBZ	EWZS
30 Days	-0.92%	-1.49%
60 Days	-1.27%	-1.70%
90 Days	0.83%	0.58%
12 Months	25.07%	18.91%

2 Overlapping Holdings

	Symbol	Grade	Weight in FBZ	Weight in EWZS	Overlap
	BRFS	B	3.4%	3.21%	3.21%
	ERJ	A	4.78%	7.82%	4.78%

FBZ Overweight 9 Positions Relative to EWZS

	Symbol	Grade	Weight
	STNE	C	3.18%
	GGB	D	3.17%
	PAGS	D	2.72%
	ASAI	D	1.79%
	VALE	D	1.69%
	NU	C	0.94%
	ABEV	D	0.6%
	XP	D	0.57%
	CSAN	D	0.51%

FBZ Underweight 0 Positions Relative to EWZS

	Symbol	Grade	Weight

FBZ: Top Represented Industries & Keywords

Industries: Aerospace & Defense Banks - Diversified Beverages - Brewers Capital Markets Grocery Stores Industrial Metals & Minerals Oil & Gas Refining & Marketing Packaged Foods Software - Application Software - Infrastructure Steel

Keywords: Payment Systems Bank E-Commerce Fintech Investment Product Aerospace Material Alcohol Alloys Alternative Payments Aluminum Products Anheuser Busch Animal Feed Aviation Services Banking Base Metal Beef Beer Bottled Water Brewing Building Materials

EWZS: Top Represented Industries & Keywords

Industries: Aerospace & Defense Packaged Foods

Keywords: Aerospace Material Animal Feed Aviation Services Beef Cheese Customer Support Services Dairy Products Desserts Flour Food Processing Food Service Foods Frozen Vegetables Fuel Systems Hamburger Helicopter Hydraulic Systems Integrated Solutions Material Solutions Meat Products